Profil:
Zabka Group SAZabka grocer has annex to its loan agreement with financial institutions
Listed convenience store chain Zabka Group has announced an annex to its loan agreement with institutions including ING Bank N.V. and London Branch, according to a company statement. The agreement has been modified to allow group members to issue unsecured bonds totalling PLN 1 billion (EUR 234.6 mln) and to change the interest rate.
The annex modifies the agreement by limiting the collateral to pledges established on shares in directly dependent companies, as well as shares in Zabka Automatic Logistics and guarantees provided by directly dependent companies and other significant subsidiaries.
Additionally, restrictions on the transfer of funds and the disposal of assets between group members have been lifted.
The annex allows group members to issue unsecured bonds up to a total amount of PLN 1 billion (EUR 234.6 mln) within existing debt limits and modifies the financing interest rate by reducing the credit margin by 75 basis points. This follows a previous reduction in margin by an additional 25 basis points starting October 17, 2024, due to the company's shares being admitted for trading on the Warsaw Stock Exchange, resulting in a total credit margin reduction of 100 basis points.
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